Credit Risk Analyst

Placements24; Richards Bay; On-site; ZAR 380,000 - 580,000; Full time

Benefits offered by this job

Competitive salary

Professional development opportunities

Stable work environment

Job summary

Placements24 in Richards Bay, KwaZulu-Natal, is seeking a diligent Credit Risk Analyst to assess borrower creditworthiness, monitor risk, and support sound lending decisions within the Banking & Finance sector.

You will analyze financial data, develop risk models, prepare credit reports, and ensure compliance with credit policies and regulatory requirements. The ideal candidate has at least 3 years in credit analysis, strong quantitative skills, and attention to detail.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 3 years of experience in credit analysis, risk management, or a related role within Banking & Finance.
• Strong quantitative and analytical skills with proficiency in statistical software or tools.

Responsibilities

• Analyze financial statements, credit reports, and other data to assess borrower risk.
• Develop and implement credit scoring models and risk assessment methodologies.
• Monitor loan portfolio performance and identify potential areas of concern or default.
• Prepare detailed credit reports and recommendations for loan approval or rejection.
• Ensure compliance with credit policies, regulatory requirements, and industry best practices.
• Collaborate with loan officers and business development teams to provide risk insights.

Skills

Credit risk analysis

Analytical skills

Statistical software

Report writing

Attention to detail

Education

Bachelor's degree in Finance or related field

Job description

About the Role

Our client is recruiting a diligent Credit Risk Analyst to join their team in Richards Bay . This role is essential for evaluating the creditworthiness of potential and existing clients, mitigating financial risks, and ensuring the stability of the bank's loan portfolio. You will play a key role in assessing financial data, developing risk models, and making recommendations to support sound lending decisions within the Banking & Finance sector. The ideal candidate will possess strong analytical skills and a keen eye for detail, contributing to the prudent management of financial exposure.

Key Responsibilities

• Analyze financial statements, credit reports, and other data to assess borrower risk.
• Develop and implement credit scoring models and risk assessment methodologies.
• Monitor loan portfolio performance and identify potential areas of concern or default.
• Prepare detailed credit reports and recommendations for loan approval or rejection.
• Ensure compliance with credit policies, regulatory requirements, and industry best practices.
• Collaborate with loan officers and business development teams to provide risk insights.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 3 years of experience in credit analysis, risk management, or a related role within Banking & Finance .
• Strong quantitative and analytical skills, with proficiency in statistical software or tools.
• Solid understanding of financial markets, credit products, and risk mitigation techniques.
• Excellent report-writing and presentation abilities.
• Detail-oriented with a commitment to accuracy and compliance in Richards Bay .

Benefits

• Competitive salary and benefits package.
• Opportunities for professional development and certifications in risk management.
• A stable and secure work environment.
• Contribute to the financial health of the institution in Richards Bay .
• Supportive team and management structure.